Monday, 22 September 2014

New Purchases - CMI, ETN and ESV

Today I was looking at the performance of my recent additions and felt like my ass was being handed to me; AGCO, DE, SU and TSCDY are tanking. Some shopping therapy was in order. I feel so much better now that my yearly dividends are up $296.

On September 22, I initiated positions in Cummins (CMI) and Eaton (ETN). I also added to my position in Ensco (ESV).

            Cummins

Number of shares purchased
25
Price per share
$136.00
Commission
$9.95
Total cost per share
$136.40
Total cost
$3,409.95
Annual dividend per share
$3.12
Initial dividend yield
2.29%
Increase in forward 12-month dividends
$78.00

            Eaton

Number of shares purchased
50
Price per share
$64.85
Commission
$9.95
Total cost per share
$65.05
Total cost
$3252.45
Annual dividend per share
$1.96
Initial dividend yield
3.01%
Increase in forward 12-month dividends
$98.00

            Ensco

Number of shares purchased
40
Price per share
$43.80
Commission
$9.95
Total cost per share
$44.05
Total cost
$1761.95
Annual dividend per share
$3.00
Initial dividend yield
6.81%
Increase in forward 12-month dividends
$120.00

I am overweight ESV and now hold 315 shares. I won’t be adding more as I have exhausted my cash reserves in this account. Also, ESV now accounts for 13% of my yearly dividend income, which I find too high.

My dividend income is now $7,318.59 per year.

Friday, 5 September 2014

New Purchase - BP



On September 5, I added to my position in BP.

Number of shares purchased
100
Price per share
$45.58
Commission
$9.95
Total cost per share
$45.68
Total cost
$4567.95
Annual dividend per share
$2.34
Initial dividend yield
5.1%
Increase in forward 12-month dividends
$234.00


I now hold 233 shares of BP.

My dividend income is now $ 7,022.59 per year. This takes into account TSCDY’s dividend cut.

Previous purchases of BP

July 17, 2013: 100 shares @ $42.75; initial dividend yield 5.1%

August 8, 2013: 33 shares @ $41.55; initial dividend yield 5.2%